我国经济增长速度已连续7年下滑,7年应分两阶段看。这两阶段的政策取向表现为从“紧缩”到“放松”,放松政策产生了明显效果。1993—1996年为第一阶段,这一阶段的经济增长速度从14.2％下降到8.8％,这是政府主动性调整的结果。现在回过头来看,这种调整和减速是必要的,因为如果不用压固定资产投资的办法压低速度,当时的高通货膨胀问题就不能解决,就无法治理金融、房地产泡沫给经济带来的 China’s economic growth rate has dropped for seven consecutive years, seven years should be divided into two phases. The two phases of the policy orientation showed from “austerity” to “relaxation”, the relaxation of the policy had a significant effect. The first phase of 1993-1996, the rate of economic growth during this period decreased from 14.2% to 8.8%, which is the result of the government’s initiative adjustment. Now, looking back, this kind of adjustment and slowdown is necessary because if the problem of high inflation can not be solved without the pressure of fixed asset investment, it will not be able to control the financial and real estate bubble to the economy